Concern over Australia's economic struggles

Email
Print

Concern over Australia's economic struggles

3News NZ

(AAP)

(AAP)

By 3 News online staff

Concern is growing in New Zealand about the state of Australia's economy - while one side of the country is booming, the other is struggling.

The struggling side just happens to be the eastern part, where most of New Zealand's exports are sold.

Export New Zealand executive director Catherine Beard says the troubles are especially concerning for New Zealand exporters.

“Australia is our number one export market, so that does not necessarily bode very well,” she says.

Ms Beard says food and beverages are New Zealand’s main exports to Australia, markets which do not tend to be largely impacted in such situations – which could be a form of insurance for New Zealand’s export market.

“Food, beverage, they do tend to be quite resilient. Certainly if you’re in minerals and mining I think that the slowdown in China is going to have a big impact on your business, but for the economy overall one would hope we can keep selling what we sell,” she says.

3 News

Post a Comment

Before commenting, please take the time to read our moderation guide


(Won't be published)



Comments

17/09/2012 4:03:05 p.m.

Gordon wrote:

Two years ago, becoming aware that an employer was requiring workers to work on rooftops and other hazardous areas without recognising the need for safety equipment (the employees being afraid of job loss if being seen as "stirrers" I took it upon myself to consult the regulatory agencies. These agencies merely referred me from one to the other, and none took cognizance of the situation. I was relieved when the young men I had represented found other employment, but I continue to be concerned for the welfare of those who took their place. We should not be merely indicting exploitative employers - part of the blame for workplace deaths must be against the failure of our regulator agencies.

17/09/2012 3:45:45 p.m.

Greg wrote:

opps read that as a hefty part of the 15billion that flows of off our shores.
I'm still waiting to hear how much of there trade deal with the US is benifiting Australia. Surely there must be some numbers out to see how the free trade deal working out or not.

17/09/2012 11:53:35 a.m.

Greg wrote:

The Aussie banks are sucking 15 billion out of the NZ economy, they have nothing to worry about while they lend to our farming sector and cheap primary production.

17/09/2012 7:31:59 a.m.

steve wrote:

One wonders how many of the 700,000 or so with NZ passports will start heading back? It is lucky we have a good economic development plan. Oh wait....